The Patient Protection and Affordable Care Act (also known as Obamacare) enacted in 2012 has taken several years to implement and phase in. But now that the Obamacare 2014 individual health insurance mandate is in effect, many taxpayers will face confusion over tax penalties, exemptions, premium tax credits, claw backs of subsidies (advanced credits) and extra tax-preparation fees to comply with Obamacare on 2014 tax filings. In our below content, we clarify the details of the mandate to avoid confusion. 2014 is the second year for the Obamacare Net Investment Income Tax (NIT) and we show you some strategies to reduce or avoid NIT. Here are a few things you’ll learn in our Oct. 30 blog Obamacare ushers in several new tax forms for 2014 and Nov. 12 Webinar. Three scenarios for dealing with the Obamacare mandate on 2014 tax returns. How to handle the five new Obamacare tax forms to your advantage. When to enroll on an exchange for 2015 coverage and have an opportunity for a premium tax credit. Tips for upper-income traders to reduce or avoid Net Investment Income Tax. No matter of your tax bracket, high or low, you need to take charge of your Obamacare tax matters today. If you have upper income AGI and unearned income from investments, get ready to pay the 3.8% net investment tax. For more information, visit our Trader Tax Center page Obamacare: Individual Mandate & Net Investment Income Tax
3.8% for people not to die in your country ( could be your friends / family ) of treatable illnesses sounds more than acceptable to me, welcome to the civilised world USA!!